Mumbai: Ennore Port has invited 30 arrangers to participate in a fund raising of up to 2,500 crore via a private placement of tax-free bonds, a term sheet obtained by Reuters showed.

The firm is issuing 10-year bonds at 7.03% and 15-year bonds at 7.19%, the document showed.

Qualified institutional buyers, corporates and high net worth individuals will be allowed to invest in the bond sale, according to the termsheet.

Book-building for the issue will take place from 14-21 February and the pay-in has been scheduled for 25 February.

The base size of the issue is 1,500 crore, as per the document. Reuters